By Danielle Douglas-Gabriel, The Washington Post Education Secretary nominee Betsy DeVos and her husband have extensive financial holdings through their private investment and management firm, RDV Corporation. The firm, where DeVos once served as director, has financed real estate acquisitions, telecom companies and online charter schools, among other things. But one particular deal is creating concern on Capitol Hill. RDV is affiliated with LMF WF Portfolio, a limited liability corporation listed in regulatory filings as one of several firms involved in a $147 million loan to Performant Financial Corp., a debt collection agency in business with the Education Department. Twenty-three percent of Performant’s revenue is directly tied to its dealings with the Education Department, which awarded the company 14 contracts worth more than $20 million in 2016, according to regulatory filings and government documents.

 

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